Top 10 Management Institutes in India: Official Data

By: Anant Kumar

The ministry of human resource Development has released the 100 best management institute in India. It is a yearly index of rankings educational institutions under the NIRF 2020 (National Institutional Ranking Framework). The institution rankings have been carried out based on different numbers of parameters, including Teaching Learning Practice & Collaboration, Learning Resource, placement, and more.

Here are the top 10 Management Institutes in India in 2022

01 – Indian Institute of Management Bangalore

IIM Bangalore sees strong placement season — Indian Institute of Management Bangalore | Credit Image: Mint

RPC (Research, Professional Practice & Collaborative): 91.46
TLR (Teaching, Learning, and Resources): 57.43
Average Salary – Rs 32.10

IIM, Bangalore is one of the top graduate B schools for management in Asia, established in 1973. NIRF has ranked this institution #2. Recently IIM, Bangalore mentioned that the institute has accomplished virtual summer placement 2020-21. During the ongoing Covid-19, the batch of 2020 has 100% placement.

02 – Indian Institute of Management, Lucknow UP

IIM Lucknow | IIM Lucknow Programs Offered | IIM Lucknow Admission Process — IIM Lucknow | Credit Image: IndiaEducation.net

RPC (Research, Professional Practice & Collaborative): 56.79
TLR (Teaching, Learning, and Resources): 90.68
Highest Salary (Domestic) – Rs 58.47 LPA
Average Salary (Domestic) – Rs 24.25 LPA

In 2020, IIM Lucknow has been ranked 4th and 5th for IIMs by NIRF and Outlook respectively. This Management Institute serves as a trusted adviser for IIM Jammu, Rohtak, and Kashipur. IIM Lucknow has secured 100% placement for batch 2020 in the history of its 36-years legacy. The average package was Rs 24.15 LPA.

03 – Indian Institute of Management Ahmedabad, Gujarat

Indian Institute of Management Ahmedabad's restored library opens for students — Indian Institute of Management Ahmedabad | Credit Image: University Bureau

RPC (Research, Professional Practice & Collaborative): 63.06
TLR (Teaching, Learning, and Resources): 92.87
Highest Salary – Rs 1.32 Crore PA (Internationally), 55.88 Lakh (Domestic)
Average Salary (Domestic) – Rs 26.13 LPA

As per NIRF 2020, IIM Ahmedabad has ranking 1, which is considered as the finest management institute in India, instituted in 1961. According to NIRF, 424 out of 432 students (batch 2018-20) have got placement. Their medina salary is around 23 lakhs in INR. In 2020, they have successfully completed an online placement.

04 – Indian Institute of Management, Calcutta

IIM Calcutta Director quits amid tiff with teaching faculty | Education - Hindustan Times — IIM Calcutta | Credit Image: Hindustan Times

RPC (Research, Professional Practice & Collaborative): 56.79
TLR (Teaching, Learning, and Resources): 90.68
Highest Salary (Domestic) – Rs 80 LPA
Average Salary (Domestic)- Rs 27.9 LPA

Founded in the year 1961, this is the first management institute developed under the IIM Legacy, is in 3rd position, ranked by NIRF. The institute offers master and doctoral levels of education in a management institute. An official report from IIMC, the 55th batch (class 2020) has been recorded 100% placement. They have placed in different sectors, including consulting (30%), sales (19%), and Product Management & IT Analytics (19%).

05 – Indian Institute of Technology, Kharagpur (Vinod Gupta School of Management)

VGSOM IIT Kharagpur : Fees, Placements, Cut Off, Ranking 2022 — Indian Institute of Technology, Kharagpur | Shiksha

RPC (Research, Professional Practice & Collaborative): 72.34
TLR (Teaching, Learning, and Resources): 63.67
Highest Salary (Domestic) – Rs 29 LPA
Average Salary (Domestic) – Rs 18.1 LPA

Establishment of the year 1993 Kharagpur, this management instituted was called 5th best management school in India out of 100 by the MHRD, Govt. of India, under NIRF Ranking. This management institute has made an announcement regarding the successful final placement of batch 2018-20. This institute has been recorded 100% placement of PGP in 2020 summer placement.

06 – Indian Institute of Management, Kozhikode

Indian Institute of Management | IIM Kozhikode - TimesTSW — Indian Institute of Management, Kozhikode | Credit Image: IIM Kozhikode – TimesTSW

RPC (Research, Professional Practice & Collaborative): 44.07
TLR (Teaching, Learning, and Resources): 81.27
Highest Salary (Domestic) – Rs 58 LPA
Average Salary (Domestic) – Rs 23.08 LPA

In 1996, the government of India collaborated with the state government to establish this institute. IIM, Kozhikode has been ranked 6 out of 100 top management colleges in India, listed by INRF. Outlook also ranked this institute 6 out of 30 best MBA colleges In India. IIM Kozhikode proudly announced the accomplishments of the summer placement process 2020 for the student of the 24th batch of PGP.

07 – Indian Institute of Management Indore MP

Top 10 B-Schools in India: IIM Indore stood 5th in Ranking - Indore Talk — Indian Institute of Management Indore MP | Credit Image: Indore Talk

RPC (Research, Professional Practice & Collaborative): 43.42
TLR (Teaching, Learning, and Resources): 83.18
Highest Salary (Domestic) – 50LPA
Average Salary (Domestic) – 22.92

The 7th rank-based institute was founded in 1996. This is the 6th best MBA school set up under the IIM Legacy. The institute has been ranked as the 7th best among all of the management school. While outlook ranked 4th best B-school. The institute also has been accredited by the Association of MBAs, London. Recently, IIM Indore has happily announced the final placement for the 2020 class, secured 100% placement. They mentioned, “Its largest outgoing batch of 578 students.”

08 – Indian Institute of Technology, Hauz Khas, Delhi (Department of Management Studies)

IIT DMS | Department Of Management Studies | IIT Delhi — IIT DMS | Credit Image: IIT Delhi

RPC (Research, Professional Practice & Collaborative): 72.08
TLR (Teaching, Learning, and Resources): 58.85
Highest Salary – 33 LPA
Avg CTC – 22.69 LPA

Founded in 1961 as a college of engineering in Delhi. Later, under the “Institutes of Technology act”, the institute was renamed “Indian Institute of Technology” in 1963. In 1997 MBA program was launched by the IIT Department. The Management Institute has increased so much over the year. In 2020, “Department of Management Studies” has ranking 8th graded by NRIF among all B-schools in India.

09 – Xavier Labour Relations Institute (XLRI) Jamshedpur, Jharkhand

XLRI records 100% placement for management students — Xavier Labour Relations Institute (XLRI) Jamshedpur, Jharkhand | Credit Image: Shiksha

RPC (Research, Professional Practice & Collaborative): 31.6.
TLR (Teaching, Learning, and Resources): 87.81
Highest Salary (Domestic) – Rs 50 LPA
Average Salary (Domestic) – 22.35 LPA

Founded by a few Jesuit Fathers in 1949, XLRI offer PGDM (Postgraduate in Management Diplomas) and FPM (Fellowship Program). It also offers short-term management development programs. Among the other management private college, it has ranked #1. While the institute has earned rank as a 9th best institute of India by NIRF.

10 – Management Development Institute, Gurgaon Haryana

Various startups hired for niche profiles | MDI Gurgaon Placement Report 2019 - Dare2Compete // D2C — Management Development Institute, Gurgaon Haryana | Credit Image: Dare2Compete

RPC (Research, Professional Practice & Collaborative): 46.04
TLR (Teaching, Learning, and Resources): 79.56
Highest Salary (Domestic) – 40.50 LPA
Avg Salary -22.05 LPA

Gurgaon-based private management Development school was established in 1973. The institute has been ranked in 2020 as the 10th best MBA school in India by NIRF. In contrast, the institute has ranking 3rd among the leading private company graded by Outlook 2020. MDI offers a majority of courses, which are residential in nature. It gives options to work in teams and a great learning environment on campus. The institute provides 24×7 online library and database to their students.